Schrodinger, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Revenues:
Total cost of revenues $36.5m $44.6m $72.3m $79.9m $76.0m $75.5m $113.3m
Gross profit $49.1m $63.5m $65.6m $101.0m $140.7m $132.1m $142.6m
Research and development $39.4m $64.7m $90.9m $126.4m $181.8m $201.8m $173.1m
Total operating expenses $87.8m $124.4m $177.1m $247.8m $318.1m $341.4m $309.5m
Sales and marketing $21.4m $17.8m $22.1m $30.6m $37.2m $39.9m $41.0m
General and administrative $27.0m $41.9m $64.0m $90.8m $99.1m $99.7m $95.4m
Loss from operations ($38.7m) ($60.9m) ($111.4m) ($146.8m) ($177.4m) ($209.3m) ($166.9m)
Gain on equity investments $943k $4.1m ($1.8m) $11.8m $147.2m $0 $0
Change in fair value of equity investments $11.4m ($18.1m) $53.5m $5.7m $48.2m
Other income $2.3m $1.1m $4.0m $19.7m $17.9m $16.4m
Net (loss) income ($24.6m) ($24.5m) ($100.4m) ($149.2m) $40.7m ($187.1m) ($103.3m)
Total other income $12.7m $34.6m $10.6m ($2.3m) $220.4m $23.6m $64.6m
(Loss) income before income taxes ($26.0m) ($26.3m) ($100.8m) ($149.1m) $42.9m ($185.7m) ($102.3m)
Net (loss) income per share attributable to common and limited common stockholders, basic (in USD per share) ($0) ($1) ($2) $1 ($3) ($1)
Weighted average shares used to compute net (loss) income per share of common and limited common stockholders, basic (in shares) $60.0m $70.6m $71.2m $71.8m $72.7m $73.4m
Net (loss) income per share of common and limited common stockholders, diluted (in USD per share) ($0) ($1) ($2) $1 ($3) ($1)
Weighted average shares used to compute net (loss) income per share of common and limited common stockholders, diluted (in shares) $60.0m $70.6m $71.2m $75.0m $72.7m $73.4m
Income tax expense ($291k) $345k $411k $63k $2.2m $1.4m $939k